Christy Lombardi - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Human Resources Ofc
Signature: /s/ Christy Lombardi
Stock symbol: SHBI
Transactions as of: Jul 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/2/2024, 12:16 PM
Previous filing: Mar 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+11.3K	+35.63%		43K	Jul 1, 2024	Direct	F1, F2
holding	SHBI	Common Stock						6.56K	Jul 1, 2024	By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SHBI	Restricted Stock Units	Options Exercise	$0	-11.3K	-38.19%	$0.00	18.3K	Jul 1, 2024	Common Stock	11.3K		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F3	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	Restricted stock units vested July 1, 2024.
F5	The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 340 units on March 6, 2026; 985 units on February 10, 2025; 1,020 units on March 6, 2026; 11,295 units on July 1, 2025; 1,325 units on March 7, 2025; 1,325 units on March 7, 2026; and 1,325 units on March 7, 2027.